The 50% shareholder of Lotto SpA stock, Enerlux S.A., has seen 45% of their shares transferred from Roberto Danieli to Andrea Tomat, Adriano Sartor and Gianni Lorenzato, who together already had a 55% control over the company. Based on its ownership position in Lotto, the position of the three partners becomes more consolidated with the departure of Danieli.

Now their indirect holdings in Lotto Sport Italia S.p.A. are 27% for Andrea Tomat, while Gianni Lorenzato holds 12% and Adriano Sartor the other 11%. Roberto Danieli’s decision to leave the group is connected to his decision to independently make other new industrial investments.
The holdings of the remaining 50% of the stock, which is owned by Giancarlo Zanatta and Franco Vaccari, is unaltered. Tomat is now President of the Lotto Board.

In other news, Lotto is pulling its manufacturing out of Mynamar, formerly known as Burma, after being threatened by the human rights organization, Burma Campaign U.K. The organization told Lotto it would be placed on a “dirty list” of companies who “helped to finance Burma’s dictatorship.”

As we reported a few weeks ago (SEW 0331), companies are pulling their production sources out of the country as it becomes a battleground for human and workers rights groups. The U.S. is placing sanctions on the country due to human rights violations, particularly the imprisonment of Nobel Laureate Aung Sun Suu Kyi.

Lotto said in a letter to Burma Campaign UK that it was not aware that a subcontractor was sourcing in Burma and that the company would “strictly intervene.”

The Italian company told SEW production facilities will gradually be moved to China, Turkey, and Indonesia, and that they would, “…not take any action against this subcontractor, since just recently the situation has become worse and nobody could have foreseen it.”